Short answer yes. It's a simple reality that you can't just trade shares based on technical analysis alone. You are trading in a company, so you can't ignore w

Short answer yes. It's a simple reality that you can't just trade shares based on technical analysis alone. You are trading in a company, so you can't ignore what's going on with the company or the regional market. The only place technical analysis might work is the forex market. Because the volumes are so enormous, and there is no centralised exchange. But even then, you're still at the mercy of world events. Look what happened when the SNB pulled the peg on CHF overnight[1]. Sure the HFTs and Quants do it, but they do it on minuscule timeframes, and they have an enormous budget and even more enormous risk appetite. As the old saying goes. Time in the market is better than timing the market. Oh, and "only invest what you can afford to loose". [1] https://www.reuters.com/article/us-swiss-snb-brokers-idUSKBN0KP1EH20150116 https://www.reuters.com/article/us-swiss-snb-brokers-idUSKBN...